A Typical U.S. Dad Tends To

question 63

Multiple Choice

A typical U.S. dad tends to:

• A) spend less time with his sons than his daughters.
• B) take bottom-line responsibility for child care.
• C) be heavily involved in play, but not provide as much hands-on child care as his wife.
• D) take on the primary caretaker role.

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Definitions:

Long Run

A period in economics in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Perfectly Inelastic

A situation where demand does not change at all in response to changes in price.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a certain price over a specified period.

Price Effect

The impact on consumer demand and company revenue as the cost of a good or service changes.